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On July 6, 2009, Ryan Ross and Jon Walker left Panic! at the Disco, citing creative differences as the reason for their departure.[7] Soon afterwards, it was announced that their new project would be a retro-leaning rock band called The Young Veins. Their song "Change" debuted on the duo's Myspace page,[5] and their first album, Take a Vacation!, was announced.[8] In late 2009 three additional members joined the band: Nick Murray on drums, Andy Soukal on bass and Nick White on keyboards. Three songs from Take a Vacation! were released as singles in April and May 2010, and the album itself was released in June 2010.

On December 10, 2010, guitarist Jon Walker announced via Twitter that the band is currently on hiatus: "The Young Veins has been on hiatus and will remain that way for the time being. Thanks for getting the album and coming to the shows."[1]